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Share link:In this post: Old and new miners sold BTC at above $87,000, causing the highest inflow to exchanges since March 2020. Miners are taking profits to offset higher mining costs. Whales are also selling BTC for profit, while retail still looks bullish.
GOAT’s bullish trend continues, but technical indicators warn of a potential correction. Will support levels hold, or is a drop imminent?
This past week, Ethereum ETFs recorded over $1.63 billion of trading volume, up over 44% from the previous week.The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take A new staff advisory from the CFTC represents another step towards options trading going live on U.S.-based spot Bitcoin ETFs, according to analysts.
Quick Take A Polymarket whale lost big betting on Mike Tyson to win his boxing bout against Jake Paul, who secured a unanimous decision victory after eight rounds. The whale lost $3.6 million — a hefty sum, but still less than a third of their $11 million winnings from betting on Trump to win the Presidential election.
- 14:35Bitwise will introduce STRK stakingChainCatcher News, Starknet announced a collaboration with crypto asset management company Bitwise to introduce STRK staking, which includes a public validator delegated by all STRK holders and a separate validator provided for large institutional clients.
- 14:34Data: Wintermute currently still holds 17.8 million TAI and remains active in market makingChainCatcher news, according to Spot On Chain monitoring, TAI token has risen 35% today. On-chain data shows that Wintermute is still active in market making for TAI and currently holds 17.8 million TAI. Analysis suggests that the trend of artificial intelligence will become a key narrative in this bull market and may drive significant growth in low-market-cap AI tokens.
- 14:14Adam Back: The world is on the verge of super BitcoinizationLegendary crypto-punk figure and co-founder of Bitcoin infrastructure development company Blockstream, Adam Back, stated that as MicroStrategy continues to increase its BTC holdings, the world is rapidly re-pricing Bitcoin. The era of hyperbitcoinization is near. Some people have doubts about MicroStrategy's approach. However, when certain important things are mispriced, arbitrage will be carried out on them. MicroStrategy's strategy has accelerated the arbitrage for mispricing; therefore yes, it can scale up - this isn't a problem but an arbitrage against the fact that the entire fiat currency world is mispriced.
